QuickBooks Online Exam Bundle

How can you stop yourself and others from deleting, editing, or adding transactions in a closed period? - Answer-Set a closing date You successfully reconciled the checking account last month. This month, when you begin to reconcile the same account, you notice the beginning balance calculated by...

1. Select the Gear icon, and select Account and Settings, under the Your Company column 2. ________ and scroll down to the Online delivery section 3. ________ to ensure that Attach invoice as pdf is unchecked. Identify the missing steps. - Answer-2. Select the Sales tab, 3. From the drop-dow...

Where can you see the number of tags and tag groups created? - Answer-Banking > Tags Which report summarizes the amount of financial activity associated with each income or expense account for a specific period of time? - Answer-Balance Sheet Which 2 user types can access the Performance Ce...

+ New menu - Answer-Displays a list of categorized transactions Top-Right navigation Tools - Answer-Include Help, Search, and Notifications Gear Icon - Answer-Company, Lists, Tools, and Profile menus. navigation bar - Answer-Gives Access to the various centers. Assets - Answer-What the c...

What should you do if you drive past your exit on an interstate highway? - Answer-If you drive past the exit where you wanted to leave an interstate highway, you should: Go on to the next exit. As you are preparing to turn right at an intersection, you should: Slow down to a safe turning speed. W...

Write down the true statements regarding how to make changes to the QuickBooks Chart of Accounts and how to link products and services to the chart of accounts? - Answer-We have to access the chart of accounts to add a new account. And then, click on New to launch the Account window. When you ha...

Why would one record multiple payments as a single bank deposit transaction? - Answer-By recording them to Undeposited Funds, they will be added to one single bank deposit transaction, to match the actual bank deposit amount. This means when the bookkeeper tries to reconcile the accounts, it's...

If QuickBooks Online was set up correctly, what figure should you expect to see in the Opening balance equity account balance? - Answer-A balance of zero For clients with a QuickBooks Online Plus account, what's the maximum number of billable users? - Answer-5 Your client needs a QuickBooks...

How would QuickBooks Online alert you of a discrepancy in the beginning balance when reconciling your clients' accounts? A. An error message will be displayed once the reconciliation has been completed B. The account to be reconciled will be greyed out in Account to reconcile dropdown C. A...

You spend hours customizing a report to contain all the information you want. You want to run this report without having to do this customization again, how would you do that? - Answer-1. When the report is customized to your liking, click "save customizations" 2.Name the report and click ...

An existing vendor decides to purchase products from your company in Quickbooks online, you set up a customer account for the vendor. For each account field, select Yes if the vendor and customer account entries must be unique or No if they can be identical. 1) First name 2) Last name 3) Display...

️1. What are the steps to import a list of products and services in QuickBooks Online? - Answer-Select + New icon > Tools column > Import Data > Products and Services Select Accountant Tools > Tools column > Import Data > Products and Services Select Gear icon > Tools c...

In QuickBooks, the Enter Sales Receipts window will result in a debit to - Answer-the Cash or Undeposited Funds account. A sale on account - Answer-creates an account receivable Which statement is false? - Answer-Customers can be added or edited in the Customer Center, but not deleted Which...

If you choose to remove transactions as a specific data from the "condense data" window, what does QuickBooks do? - Answer-Removes all transactions while leaving lists, presences and service subscriptions intact when setting up a company file, What should you do when you reach the trial/ope...

In the ProAdvisor section, under Your Practice. - Answer-Where would you go on your QuickBooks Online Accountant dashboard to find the best advice for Pro-Advisors to develop their businesses and access certifications? QuickBooks Online Accountant - Answer-Which product will help him manage all h...

During the Advanced Setup, you can turn on and off which features in the EasyStep Interview? a. Sales taxes b. Inventory c. Progress Invoicing d. All of the above - Answer-ALL of the above During the Advanced Setup, you can set up a password for which of the following users during the EasySte...

The gear icon is where you: - Answer-Manage users and modify or change company settings The list of accounts and account numbers used to capture and track transactions is known as: - Answer-Chart of Accounts When you run a report in QuickBooks online you can only print that report: - Answer-Fa...

Whterm-1ich three tasks can you perform when using Bank Feeds in the Banking area? (Choose 3) - Answer-Match transactions entered in QuickBooks to the bank information as they clear the bank. Create a Receive Payment transaction if invoices are open in QuickBooks and one or more payments have cle...